National Post (Latest Edition)

Dis­ney to Cut 28,000 U. S. Re­sort Work­ers Amid Deep Slump

- Business · Travel · Infectious Diseases · Health Conditions · The Walt Disney Company · United States of America · Walt Disney · Walt Disney Parks and Resorts

Walt Dis­ney Co. is lay­ing off 28,000 work­ers in its U.S. re­sort busi­ness, the lat­est sign travel and other com­mu­nal ex­pe­ri­ences will be slow to re­cover from the pan­demic. The cuts af­fect the com­pany’s theme parks, cruise ships and re­tail busi­nesses, Dis­ney said on Tues­day. They in­clude ex­ec­u­tives, although 67 per cent of those be­ing ter­mi­nated are part-time work­ers. Dis­ney is of­fer­ing ben­e­fits to the work­ers be­ing cut, in­clud­ing 90 days of job-place­ment ser­vices. Dis­ney’s do­mes­tic parks em­ployed more than 100,000 be­fore the pan­demic, but that doesn’t in­clude the cruise lines and other di­vi­sions. Its work­force to­talled 223,000 at the end of the last fis­cal year, which ended in Septem­ber 2019. The cut­backs jarred in­vestors, who sent the shares down al­most two per cent in late trad­ing.

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